Latest news with #DMFs
Economic Times
3 days ago
- Business
- Economic Times
Growth data strong, RBI likely to maintain accommodative stance: Sunil Subramaniam
The big trigger that the market is waiting for is the satisfactory conclusion of the bilateral trade agreement between the US and July 9th is when the 90-day pause gets over. "The trigger which will drive the market on the contrary is something international related, that is, India specific international related. I am talking about the BTA. The big trigger that the market is waiting for is the satisfactory conclusion of the bilateral trade agreement between the US and July 9th is when the 90-day pause gets over," says Sunil Subramaniam, Market Expert. I guess the next big trigger is going to be the RBI MPC meet and all chatter is getting louder that it is going to be a 25 bps cut this time around. What do you think is going to please the markets? Sunil Subramaniam: Well, what will please the market is obviously not just 25, but 50. But I am in the minority here where I think RBI may skip a rate cut and I think that they will focus on continuing the accommodative stance. They will focus on transmission. They will make sure that any bottlenecks in for transmission. The last two rate cuts have not been fully passed on yet. So, RBI's focus will be more in terms of ensuring transmission because the growth numbers have come in very well. Other than the GDP numbers, you have the PMI numbers also indicating a very, 62 if I remember the flash PMI overall composite that I saw. So, my own sense is that maybe, like I said, I am in the minority, maybe RBI may skip a rate cut but give a very good guidance in terms of continuing the accommodative stance and perhaps doing some more steps to ensure the liquidity remains strong. So, does that mean now when you go ahead in the markets, do you think that now the entire trend has become more domestic oriented news flow because you have seen the markets actually do absolutely nothing. Over the last almost six months, the only move or only trigger that has been for the markets have been the commentary coming in from global stalwarts. So, what is your take, now you think in the next six months the market will actually focus inwards, look at domestic growth triggers or domestic indicators to actually move upwards and I am talking about next six months as in for the calendar year? Sunil Subramaniam: So, actually speaking, the positive domestic triggers have already been at play in terms of the fact that the DIIs, especially the domestic mutual funds, this month have stepped up the buying. Otherwise, the international uncertainty that you mentioned would have led to a far significant correction in the Indian markets, that has not happened because domestic mutual funds who had built up their cash balances till April, I remember something like 2.5 lakh crores, have started deploying the extra cash in this month and have protected the market. So, the domestic factors coming into play are already there in terms of the DMFs coming through. But to your point that over the next six months do you think it is these domestics? I think the good news is already in the price. The trigger which will drive the market on the contrary is something international related, that is, India specific international related. I am talking about the BTA. The big trigger that the market is waiting for is the satisfactory conclusion of the bilateral trade agreement between the US and July 9th is when the 90-day pause gets over. So, if that comes through, the uncertainty that is prevailing around India from an FII perspective I feel will go away a lot and you should see the next leg up of the rally happening with the BTA more and yes, naturally we can say that the BTA is going to open up domestic sectors for export oriented, the story is domestic, of course, but the cue for FIIs and that is what has got to take the market up because domestic fund managers have now begun deploying their cash balances, so the continuance of the SIP book and everything will continue to give them buying support, but a leg up for the market will come from the return of the FII, which I see as post BTA news flowing out, that is the big trigger.
Time of India
3 days ago
- Business
- Time of India
Growth data strong, RBI likely to maintain accommodative stance: Sunil Subramaniam
"The trigger which will drive the market on the contrary is something international related, that is, India specific international related. I am talking about the BTA. The big trigger that the market is waiting for is the satisfactory conclusion of the bilateral trade agreement between the US and July 9th is when the 90-day pause gets over," says Sunil Subramaniam , Market Expert . I guess the next big trigger is going to be the RBI MPC meet and all chatter is getting louder that it is going to be a 25 bps cut this time around. What do you think is going to please the markets? Sunil Subramaniam: Well, what will please the market is obviously not just 25, but 50. But I am in the minority here where I think RBI may skip a rate cut and I think that they will focus on continuing the accommodative stance. They will focus on transmission. They will make sure that any bottlenecks in for transmission. The last two rate cuts have not been fully passed on yet. So, RBI's focus will be more in terms of ensuring transmission because the growth numbers have come in very well. Other than the GDP numbers, you have the PMI numbers also indicating a very, 62 if I remember the flash PMI overall composite that I saw. So, my own sense is that maybe, like I said, I am in the minority, maybe RBI may skip a rate cut but give a very good guidance in terms of continuing the accommodative stance and perhaps doing some more steps to ensure the liquidity remains strong. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Homeowners can claim a free boiler upgrade if they live in these postcodes Eco Green Tips Apply Now Undo So, does that mean now when you go ahead in the markets, do you think that now the entire trend has become more domestic oriented news flow because you have seen the markets actually do absolutely nothing. Over the last almost six months, the only move or only trigger that has been for the markets have been the commentary coming in from global stalwarts. So, what is your take, now you think in the next six months the market will actually focus inwards, look at domestic growth triggers or domestic indicators to actually move upwards and I am talking about next six months as in for the calendar year? Sunil Subramaniam: So, actually speaking, the positive domestic triggers have already been at play in terms of the fact that the DIIs, especially the domestic mutual funds, this month have stepped up the buying. Otherwise, the international uncertainty that you mentioned would have led to a far significant correction in the Indian markets, that has not happened because domestic mutual funds who had built up their cash balances till April, I remember something like 2.5 lakh crores, have started deploying the extra cash in this month and have protected the market. So, the domestic factors coming into play are already there in terms of the DMFs coming through. But to your point that over the next six months do you think it is these domestics? I think the good news is already in the price. The trigger which will drive the market on the contrary is something international related, that is, India specific international related. I am talking about the BTA. The big trigger that the market is waiting for is the satisfactory conclusion of the bilateral trade agreement between the US and July 9th is when the 90-day pause gets over. Live Events So, if that comes through, the uncertainty that is prevailing around India from an FII perspective I feel will go away a lot and you should see the next leg up of the rally happening with the BTA more and yes, naturally we can say that the BTA is going to open up domestic sectors for export oriented, the story is domestic, of course, but the cue for FIIs and that is what has got to take the market up because domestic fund managers have now begun deploying their cash balances, so the continuance of the SIP book and everything will continue to give them buying support, but a leg up for the market will come from the return of the FII, which I see as post BTA news flowing out, that is the big trigger.
Business Wire
4 days ago
- Business
- Business Wire
Atlan Launches Data Quality Studio for Snowflake, Becoming the Unified Trust Engine for AI
SAN FRANCISCO--(BUSINESS WIRE)--Atlan, a metadata platform powering data and AI governance, today unveiled at Snowflake's annual user conference, Snowflake Summit 2025, Data Quality Studio, a new module that runs natively on Snowflake Data Metric Functions (DMFs) and elevates Atlan into a unified trust engine. Atlan's Data Quality Studio supports the Snowflake AI Data Cloud's existing data quality features to manage that freshness, completeness, validity, and more. 'GenAI breaks without trusted data,' said Prukalpa Sankar, Co-founder of Atlan. 'By running business-first quality checks inside Snowflake and surfacing trust signals everywhere, Atlan works with the Snowflake AI Data Cloud to create a real-time guardian of context and compliance. That's how customers become truly AI-native—fast, safe, and audit-ready.' The Last Mile of AI Readiness: 'Fit-for-Purpose' Data Most data-quality tooling stops at pipeline health. Yet AI models and analytic dashboards fail when the data feeding them isn't fit for the specific business question at hand. Data Quality Studio closes this gap by letting business and data teams codify the real-world expectations — freshness, completeness, bias thresholds, regulatory constraints — on the high-value tables, views, and features that power analytics and AI. The result is that every prompt, vector search, and Snowflake Cortex AI call is backed by data that the business has pre-approved as safe to act on. How Data Quality Studio Works with Snowflake No-code & SQL rule creation: Data teams can define quality expectations in natural language templates or via custom SQL inside Atlan's metadata platform. Push-down execution on Snowflake DMFs: Rules run directly in the customer's Snowflake account, keeping data in place and scaling to petabytes with zero new infrastructure required. Real-time trust signals: Badges, scores, and lineage overlays surface in Atlan & BI tools, instantly showing whether data is fit-for-purpose. Snowflake Unified Trust Center: Additionally, Atlan aggregates native DMF results and signals from partners like Anomalo, Monte Carlo, and Soda, giving teams one pane of glass for data health—from raw sources to data products to AI features. 'Atlan stands out as a Snowflake's Elite Partner and our 2025 Data Governance Partner of the Year, providing joint customers a unified metadata control plane for data and AI,' said Christian Kleinerman, EVP of Product, Snowflake. 'Atlan's new Data Quality Studio, powered by Snowflake Data Metric Functions, combines business collaboration with Snowflake's scale, creating confidence in AI-ready data. Enterprises bringing AI agents and apps to production need that certainty, and together, Snowflake and Atlan provide the blueprint for accelerating AI.' Availability Atlan Data Quality is in private preview. Organizations can request access at or through their Atlan or Snowflake representative. About Atlan Atlan is the leading metadata platform powering data & AI governance. It is a control plane that stitches together a business's disparate data & AI infrastructure, cataloging data and enriching it with business context and security. Data practitioners spend 30-50% of their time finding and understanding data; Atlan's platform cuts that time by 95% and sets a new standard for an AI-Native future. With Atlan, data and business teams, and AI agents, can easily find, trust, and govern data across the entire enterprise. Backed by top investors including GIC, Insight Partners, Sequoia Capital India, and Salesforce Ventures, Atlan features deep integrations across the modern data stack and is trusted by the likes of General Motors, Autodesk, Unilever, Ralph Lauren, FOX, News Corp, Nasdaq, Medtronic, Plaid, and HubSpot to enable major AI and data democratization initiatives. To learn more about Atlan, please visit our website and follow us on X (@AtlanHQ) and LinkedIn.
Economic Times
31-05-2025
- Business
- Economic Times
Who controls India Inc.? The answer is starting to change: NSE report
The report also signals a shifting tide, with domestic mutual funds (DMFs) and retail investors gaining significant ground in India's corporate ownership landscape. Synopsis The NSE's March 2025 report reveals private Indian promoters still lead with a 32.5% stake in NSE-listed firms. However, domestic mutual funds have reached a record 10.4% share, fueled by SIP inflows. Retail investors are also expanding their footprint, reflecting a shift towards a more diversified ownership base in India Inc. In the latest edition of its 'India Inc. Ownership Tracker' for March 2025, the National Stock Exchange (NSE) reveals that private Indian promoters continue to hold the largest stake in India Inc., commanding a 32.5% share in NSE-listed companies. ADVERTISEMENT However, the report also signals a shifting tide, with domestic mutual funds (DMFs) and retail investors gaining significant ground in India's corporate ownership landscape. Promoter ownership dropped for the third consecutive quarter, settling at 50.1%—a combination of private Indian promoters (32.5%) and government holdings (9.9%). This marks a continued dilution trend in promoter stakes across listed mutual funds saw their share rise to an all-time high of 10.4%, driven by sustained Systematic Investment Plan (SIP) inflows. This includes 8.4% from active funds and 2.0% from passive strategies. Notably, insurance companies, banks, and financial institutions now hold 5.6%, collectively pushing domestic institutional holdings ahead of foreign players for the first time since 2003. ADVERTISEMENT Foreign Portfolio Investors (FPIs) increased their stake slightly to 17.5%, recovering from a 13-year low recorded in December 2024. Foreign promoters continue to maintain 8.1% ownership. ADVERTISEMENT Direct ownership by individual investors climbed to 9.5%, while their combined share—including mutual fund holdings—now stands at a record 18.2%. This trend reflects rising household interest in equity markets, further evidenced by an estimated Rs 46 lakh crore accretion in household wealth from equities over the past five years. Also read: Vodafone Idea approves Rs 20,000 cr fundraise plans in a fight for survival ADVERTISEMENT FPIs maintained a bullish stance on financials while exercising caution on consumption and commodities. DMFs, on the other hand, pared exposure to financials and consumer staples, while turning incrementally positive on consumer discretionary sectors. The report also notes a renewed institutional tilt toward large-cap stocks, particularly in the Nifty50 and top-decile private Indian promoters remain the dominant shareholders, the steady rise in domestic mutual fund and retail participation signals a more democratized and diversified ownership base in India Inc. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel) Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Cyient shares fall over 9% after Q4 profit declines, core business underperforms Cyient shares fall over 9% after Q4 profit declines, core business underperforms L&T Technology Services shares slide 7% after Q4 profit dips L&T Technology Services shares slide 7% after Q4 profit dips Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? SEBI warns of securities market frauds via YouTube, Facebook, X and more SEBI warns of securities market frauds via YouTube, Facebook, X and more API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders Security, transparency, and innovation: What sets Pi42 apart in crypto trading Security, transparency, and innovation: What sets Pi42 apart in crypto trading Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains The rise of Crypto Futures in India: Leverage, tax efficiency, and market maturity, Avinash Shekhar of Pi42 explains NEXT STORY
Time of India
30-05-2025
- Business
- Time of India
Ownership of domestic mutual funds in all-listed universe scale record high to over 10% in FY25: NSE Pulse Report
The ownership of domestic mutual funds in the all-listed universe have scaled a record high of 10.4% in FY25, marking the first double-digit reading and outpacing individual investor share for the first time, according to the NSE Pulse Report . Individuals as direct and indirect (via mutual funds) investors today own a record-high of 18.2% of the total market cap, unchanged from the previous quarter (Rs74.5 lakh crore; 5Y/10Y CAGR: +35.7%/16.9%), outpacing the share of FPIs in FY25 for the first time since 2006. Since June 2021, with a strong resurgence in SIP-led inflows, DMF ownership in NSE-listed companies has climbed steadily, reaching all-time highs. Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo Also Read | New investors' dilemma: Is flexi cap fund alone sufficient to deploy Rs 10 lakh for meeting goals Passive holdings by DMFs through ETFs and index funds in NSE-listed companies have surged in recent years. The AUM of passive funds grew at a robust CAGR of 59% over the past decade, substantially outpacing the 24% annualized growth of actively managed equity funds, driven by a low starting base and rising retail participation in passive strategies. Live Events In Q4FY25, passive funds' AUM rose 1.9% QoQ to Rs 8.2 lakh crore, recovering from a marginal decline in the previous quarter, but grew by a robust 25.8% in the whole of FY25. In contrast, actively managed equity fund AUM declined 3.4% QoQ to Rs 34.2 lakh crore in the March quarter, though it still posted a healthy 23.6% increase over FY25. As a result, the share of passive funds in total equity-oriented mutual fund AUM climbed 72 bps QoQ to a record high of 20.8% as of March 2025. Of the 10.4% of NSE-listed market capitalization held by DMFs, passive funds' share rose 16 bps QoQ to a new peak of 2.0%—breaking out of the 1.7 -- 1.8% range seen over the past eight quarters. Active fund ownership also increased by 25 bps to a record 8.4%. In terms of free-float market capitalization, passive funds' share rose 30 bps QoQ to an all-time high of 4.0%, while active funds' share increased for the seventh consecutive quarter, up 42 bps to 16.8%. Passive mutual funds AUM, across equity, debt, gold, silver, and others, reached an all-time high of Rs 11.6 lakh crore in April 2025 compared to Rs 11.1 lakh crore in March 2025, registering a strong 21.8% YoY/3.8% MoM expansion. Among passive categories, income/debt-oriented index funds, specifically Target Maturity Index Funds (TMIFs), recorded the highest sequential growth of 9.3%, with AUM rising from Rs 96,025 crore in March 2025 to over Rs 1 lakh crore in April 2025. This was followed by Gold ETF, which registered a 6.2% increase in AUM, primarily driven by mark-to-market gains, more than making up for reduced net investments. After a steady decline over the previous three months, the mutual fund industry's AAUM rose by a strong 22.2% YoY/4.2% MoM to an all-time high of Rs 69.5 lakh crore in April 2025. Strong rebound in equity markets, following the de-escalation of tariff uncertainty in the second half of the month, coupled with continued inflows into mutual funds via the SIP route, were some of the factors that contributed to the increase. In terms of fund flows, mutual funds witnessed a sharp reversal in April 2025, with net inflows turning positive at Rs 2.8 lakh crore, compared to a net outflow of Rs 1.6 lakh crore in March 2025. In terms of scheme composition, the total number of mutual fund schemes declined for the first time in 22 months, edging down from 1,760 in March 2025 to 1,758 in April 2025. Of the total, 1,656 were open-ended schemes, 98 were closed-ended, and 4 were interval schemes. Close-ended schemes exhibited a marginal increase of 1% from 26,459 crore in March 2025 to Rs 26,753 crore in April 2025. Monthly inflows into mutual funds via the SIP route has remained robust, with SIP inflows reaching a record Rs 26,632 crore in April 2025, boosting the SIP AUM to Rs ~14 lakh crore—nearly 20% of the industry's AUM. Also Read | Equity mutual funds offer up to 19% return in May, sectoral & thematic funds take lead In fact, gross SIP inflows have remained strong despite heightened market uncertainty, indicating a steady and disciplined investment approach among investors. Notwithstanding rising inflows, the stoppage ratio—calculated as the number of SIPs discontinued/tenure completed divided by the number of new SIPs registered—surged to a historic 297.8% in April 2025. This is primarily attributed to the reconciliation and derecognition of dormant SIP accounts as part of the initiative taken by the mutual fund industry to comply with SEBI's regulatory norms. Of the total industry AUM, equity funds' AUM increased from Rs 36.7 lakh crore in March 2025 to Rs 38.2 lakh crore in April 2025, registering a 4.1% MoM increase. The debt funds' AUM, on the other hand, increased at a slightly higher pace of 5.2% MoM from Rs 19.3 lakh crore in March 2025 to Rs 20.3 lakh crore in April 2025. This resulted in the share of debt in total mutual fund AUM rising marginally to 29.2% by April-end, even as it remains much below the peak share of 34.2% in Sep'23. This meaningful drop in debt AUM is a result of the combination of robust returns generated by equity markets, continued inflows into equity-focused funds, and tapering flows into debt funds after the removal of the indexation benefit. In contrast, Hybrid and other funds observed a marginal decline in the proportion of total AUM from 13.9% (2.3%) in March 2025 to 13.7% (2.2%) in April 2025. In April 2025, the top five states continued to dominate equity mutual fund AUM, collectively accounting for 59.4% of the total equity AUM, unchanged from the previous month. Despite a broader market recovery, the equity AUM in most states is yet to return to their December 2024 levels, indicating an uneven regional recovery in investor participation. In April 2025, fund mobilisation through new mutual fund schemes fell sharply to Rs 350 crore, down 91.4% MoM in April 2025 from Rs 4,085 crore in March 2025, marking the lowest level in the past 34 months. This was owing to a sharp drop in new scheme launches, with the month gone by seeing just 7 new schemes getting launched vs. 30 in March 2025.
